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Stock Market & Financial Investment News

News Breaks
June 9, 2014
16:58 EDTMMM3M Company appoints Nicholas Gangestad as CFO
On June 9, 3M Company issued a press release announcing the appointment of Nicholas C. Gangestad as SVP and CFO, effective immediately. Gangestad replaces David W. Meline who is leaving the company to take a position as CFO at another large publicly-traded company. Gangestad has served as the company’s Vice President, Corporate Controller and Chief Accounting Officer since April 2011. Prior to that, Mr. Gangestad had served as Director of Corporate Accounting from 2007 to March 31, 2011 and as Director of Finance and I.T., 3M Canada from 2003 to 2007.
News For MMM From The Last 14 Days
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May 29, 2015
11:35 EDTMMM3M says sees U.S. slightly better in Q2 than Q1
Says implementation of business transformation, focus on inventory should create more value for shareholders. Says fundamentals now in place.
11:12 EDTMMM3M sees 2013-2017 EPS growth 9%-11%
Sees 2013-2017 gross stock repurchases of $20B-$22B. Regarding its ERP rollout plan, says Europe deployment underway, says U.S. deployment to follow Europe. Sees total project investment of $1.1B-$1.2B, says estimating annual operational savings in range of $500M-$700M by 2020, sees structural working capital improvement of $500M by 2020. Sees 2013-2017 free cash flow conversion about 100%. Sees 2013-2017 EPS growth 9%-11%, organic revenue growth 4%-6%, ROIC about 20%. Comments made by 3M Chairman and CEO Inge Thulin at Bernstein's Annual Strategic Decisions Conference. 3M is down 1.17% to $158.98 in late-morning trading.
May 19, 2015
10:14 EDTMMMHigh option volume stocks
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May 18, 2015
07:19 EDTMMMElectric Products Group to hold a conference
EPG 2015 is being held in Longboat Key, Florida on May 18-20 with webcasted company presentations to begin on May 18 at 7:30 am; not all company presentations may be webcasted. Webcast Link

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